Supernova Partners Acquisition Corp. (NYSE:SPNV) announced in an 8-K filing today that its shareholders approved its combination with proptech firm Offerpad earlier this morning. Holders of 36,886,002 shares of SPNV were present at today's meeting, and the business combination received 34,342,933 votes in favor of the transaction. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Sponsor behind Forbes deal says slowdown is 'healthy' for the market, Vice Media abandons SPAC talks, and former American Express executive Joan Amble joins Buzzfeed's Board of Directors Slowdown in SPAC Issuance Healthy For Markets, Sponsor Behind Forbes Deal Says A slowdown in issuance by SPACs following a blockbuster start this year is “healthy” for the market and will help sustain the appetite for the investment vehicle going forward, according to the co-founder of L2 Capital Management, a Hong Kong-based private investment firm and blank-check sponsor. More
Alpine Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol "REVEU" Tuesday, August 31. The new SPAC intends to combine with LA-based amusement park Two Bit Circus, concurrent with the completion of an initial business combination focusing on businesses such as drive-to destination hotels, digital entertainment and gaming, and lodging technology. More
Spring Valley Acquisition Corp. (NASDAQ:SV) announced in a press release today that its shareholders approved its combination with vertical farming venture AeroFarms earlier this morning. The press release did not disclose redemption figures, but it is assumed a significant amount of shares were redeemed in connection to the vote since the release stated the minimum cash requirement was not satisfied. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Astra Space shares tumble after rocket fails to reach orbit and Ginkgo Bioworks and Givaudan enter multi-program collaboration Astra Space Drops Most Since SPAC Deal After Mission Fails Astra Space Inc. More
CHW Acquisition Corp. announced the pricing of its upsized $110 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol "CHWAU" today, August 30. The new SPAC intends to combine with a consumer-related business, specifically within health and wellness, that has accelerated in growth due to the coronavirus pandemic. More
The list keeps growing.... In a follow-up to last week's statement by leading law firms declaring that the recent lawsuits by former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, were “without factual or legal basis”, an additional nine law firms have added their names to the list. More
Centricus Acquisition Corp. (NASDAQ:CENH) pre-announced its redemption amounts this morning in an 8-K filing ahead of its shareholder meeting tomorrow to vote on its combination with quantum encryption technology firm Arqit. More
Petra (NASDAQ:PAIC) has entered into a definitive agreement to combine with biotech firm Revelation Biosciences at an enterprise value of $128 million. San Diego-based Revelation is developing two drug candidates aimed at treating respiratory diseases as well as a diagnostic device for diagnosing viral infections. More
Terms Tracker for the Week Ending August 27, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week's pricings. For the last full week of August, we saw six new S-1 registration statements, one more than last week, and three IPOs, two more than last week. More
